Rio Tinto scraps deal with Chinese firm Chinalco

Friday, June 5th, 2009

Anglo-Australian miner Rio Tinto PLC has ended its $19.5 billion deal with Chinese firm Chinalco. A statement from Rio Tinto on Friday said the Chinalco deal has been "terminated." Rio Tinto says it will instead seek to raise about $15.2 billion by selling shares. Rio Tinto and its rival and former suitor ...

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